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Q: Calculate a country’s GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.
  • A. $625 million
  • B. $465 million
  • C. $475 million
  • D. $635 million
Correct Answer: Option A - GDP = C + I + G + (X–M) = 400 + 80 + 150 + (35-40) = 625 crore.
A. GDP = C + I + G + (X–M) = 400 + 80 + 150 + (35-40) = 625 crore.

Explanations:

GDP = C + I + G + (X–M) = 400 + 80 + 150 + (35-40) = 625 crore.